This document provides information about becoming a certified public accountant (CPA) including the requirements, exam, and career opportunities. It discusses that CPAs have flexibility to manage diverse careers in any field. To become a CPA requires 150 credit hours of education, passing the 4 section uniform CPA exam, and meeting the character and ethics requirements of being professional, ethical, determined, and competent. The exam is transitioning to a computer-based format and includes both US GAAP and IFRS questions. Resources are provided to help students prepare for and pass the exam to obtain the CPA designation.

1. What it REALLY Means to Be a CPA Indiana CPA SocietyFall 2010

2. Firm/Company: Size : Location : Position: Why I my job: College: Work History: Why a CPA?:

3. Professional Ethical Determined Competent CPA Characteristics

5. open many, many doors.

6. provide a diverse career.

8. Future Career Plans

10. Job Hunt Resources Visit your Career Services office Resume Work with the professionals to develop a quality resume. Have multiple people review your resume and cover letter. Interview Prep Schedule a time for practice interviews Research the firm/company Have questions prepared

11. Top 12 Resume Disasters

13. Don’t show skin

14. Men, wear a suit & trim your nails

15. Ladies, you’re not Lady Gaga, keep it simple.

16. Go easy on the aftershave and perfume

17. Polish your shoes

19. CPA Exam, What’s it Take? 150-hours

20. Eligibility All first-time applicants applying for the Uniform CPA Exam in Indiana must meet one of the following requirements; Earned one hundred and fifty (150) semester hours in general education which must include; a. a graduate degree from a college or university that is accredited by an accrediting organization recognized by the board, and completed: b. at least twenty-four (24) semester hours in accounting at the undergraduate level or fifteen (15) semester hours in accounting at the graduate level or an equivalent combination thereof which must include courses covering the following subjects; • financial accounting, • auditing, • taxation, • managerial accounting; and c. at least twenty-four (24) semester hours in business administration and economics courses, other than accounting courses, at the undergraduate or graduate level. • up to six (6) semester hours of business and tax law courses • up to six (6) semester hours of computer science courses. 2. Earned one hundred and fifty (150) semester hours in general education which must include; a. a baccalaureate degree from a college or university that is accredited by an accrediting organization recognized by the board; and completed: b. at least twenty-four (24) semester hours in accounting at the undergraduate or graduate level which must include courses covering the following subjects; • financial accounting, • auditing, • taxation, • managerial accounting; and c. at least twenty-four (24) semester hours in business administration and economics courses other than accounting courses. • up to six (6) semester hours of business and tax law courses • up to six (6) semester hours of computer science courses.

22. You must submit proof to CPA Exam Services that you have met the 150 credit hour requirement no later than 60 days following graduation.

24. Materials to Be Submitted First-time Applicants are required to submit the following to CPA Examination Services (CPAES). 1) Completed, signed first-time paper application, if applicable. 2) Payment document for application and examination fees. • Certified check or money order made payable to CPA Examination Services. • Credit card form (attached at the end of this application) • Notate your name and sections to be taken in the “Memo” section. Official transcript(s). Certificate of Enrollment, if applicable. Foreign Evaluation, if applicable. ADA Accommodation Form, if applicable. Applicants are advised to request submission of all forms to CPAES prior to applying for the examination.

25. Exam Sections & Fees $919.51

26. October & November January & February April & May July & August Exam Testing Windows

27. Changes to the Exam CBT-e launchedJan. 1, 2011 Simulations: Old: 2 long simulations in AUD, FAR & REG New: 6-7 Task-Based Simulations in each section Constructed Response: Old: 2 essays in AUD, FAR & REG. New: 0 essays in AUD, FAR & REG

28. Changes to the Exam Section Length: AUD shortened 30 minutes (4hrs) BEC lengthened 30 minutes (3hrs) FAR (4hrs) REG (3hrs) New calculator and improved spreadsheets One new research item type Scoring: More emphasis on skills

29. New CSOs - AUD

30. New CSOs - BEC

31. New CSOs - FAR

32. New CSOs - REG

33. Question Weight

35. US GAAP is likely to continue for some time

36. Implications:

37. Entry-level CPAs will need to be “bilingual” and able to work under both US GAAP and IFRS

38. Content on the Exam will likely include both US GAAP and IFRS for some timeNeed to be “Bilingual”

39. Sample IFRS Question Under IFRS, when an entity chooses the revaluation model as its accounting policy for measuring property, plant and equipment, which of the following statements is correct? A) When an asset is revalued, the entire class of property, plant and equipment to which that asset belongs must be revalued. B) When an asset is revalued, individual assets within a class of property, plant and equipment to which that asset belongs can be revalued. C) Revaluations of property, plant and equipment must be made at least every three years. D) Increases in an asset’s carrying value as a result of the first revaluation must be recognized as a component of profit or loss. A

40. CPA Exam Resources

41. INCPAS Student Membership Membership is FREE!

43. Industry

44. Education

45. Government

47. Student eNews

48. CPA ePerspective

50. Exam Matrix, $400 discount

51. What You Need to Know brochure

53. Young Pros Parties

54. CPA Celebration

55. CPA Day of Service

57. INCPAS Case Study Competition

58. High School Ambassadors

60. Wiki full of great resources

62. Have Some Sen$e Who has debt? Student loans…auto loan…credit cards…

64. The average undergraduate’s balance grew to $3,173 last year.

65. 609.8 million credit cards held by U.S. consumers

66. 41% of college students have a credit card.

67. 65% of students pay their credit card bill in full every monthCreditcards.com

68. Financial Literacy Resources

70. Lunch Savings calculator

71. What kind of spender are you game

73. Questions?